Discounted Cash Flow
Quhuo Ltd. ADR
—
Audit / VIE / HFCA: Chinese ADR (VIE contractual structure, HFCA Act): the PCAOB must inspect the China-based auditor (e.g. Deloitte/EY China) or the ADRs can be delisted; dividends must be repatriated through the WFOE/VIE and can be blocked. The audit relies on contractual VIE control, not equity, adding structural risk.
Sourced live via DEF 14A beneficial_ownership (edgartools proxy) for US filers and 20-F risk_factors (“controls X% of voting power” + VIE/HFCA) for foreign ADRs — cached 12h. A concentrated holder can overrule the DCF’s minority-basis assumptions on dividends, issuance, and delisting.
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
| Dividends | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2017 | — | — | — | — | — |
| 2018 | $219.9m | $-6.6m | $1.7m | -3.0% | $-2.85 |
| 2019 | $306.5m (39.4%) | $-1.8m (73.4%) | $-19.2k (-101.1%) | -0.6% (80.9%) | $-0.79 (72.3%) |
| 2020 | $59.0m (-80.8%) | $78.4k (104.5%) | $1.6m (8307.0%) | 0.1% (123.2%) | $0.01 (101.3%) |
| 2021 | $94.2m (59.7%) | $-3.7m (-4811.0%) | $-4.8m (-405.6%) | -3.9% (-3049.9%) | $-0.56 (-5700.0%) |
| 2022 | $82.6m (-12.3%) | $-283.9k (92.3%) | $11.0m (328.8%) | -0.3% (91.2%) | $-0.03 (94.6%) |
| 2023 | $552.1m (568.4%) | $69.9k (124.6%) | $-14.5m (-231.4%) | 0.0% (103.7%) | $0.01 (133.3%) |
| 2024 | $454.3m (-17.7%) | $55.3k (-20.9%) | $-2.2m (84.7%) | 0.0% (-3.9%) | $0.00 (-100.0%) |
| 2025 | $376.6m (-17.1%) | $-3.2m (-5860.6%) | $-5.7m (-156.6%) | -0.8% (-7048.8%) | $-0.02 |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
SEC filings report in CNY. Values above are converted to USD for comparison with the US-listed share price.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Net debt deduction: —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.